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see numbers showing there is a widening gap between rich and poor in this country, so the economy could definitely be an achilles' heel, and steinbruck might be in a position to exploit that. he certainly has a lot of financial expertise. the other possible weakness -- that ongoing euro crisis -- angela merkel will be in a tough spot if greece and spain are looking for further bailouts. euro policy also a possible area where she might be susceptible. it will be a very suspense- filled year. >> thanks very much for that. >> we turn to the u.s. now. there is good news this friday for the u.s. jobs market. the unemployment rate dipped below 8% for the first time in four years. >> right now, the figures are about a lot more than just the economy. with one month to go until the presidential election, they are all about politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that t
credit problems around the slow down of emerging economies. there will be donor countries and the meeting to discuss the arab spring popular movement. an international conference is slated for sundai. imf representatives are starting off a week of announcements by releasing their global economic outlook. they are lored forecast by 0.2%age points to 3.3% the the report says economic decline is serious in southern economic countries. it also points out the european uncertainty is slowing growth in emerging nations such as china. the report projects the euro zone will shrink. japan and the united states should see 2.2% growth. global growth will increase to 3.3% next year but they warn europe's credit problems still pose a threat to the global economy. the bank's latest report project 7.2% growth across 14 countries. that's lower than the forecast in may. the region includes china but not japan. china's domestic demand is sluggish and it's hurt exports throughout the region. growth in east asia will rise to 7.6% next year. they say china will pick up steam and demand will grow within southea
of what you said very is the truth, but that is neither here nor there. >> on jobs, when the economy -- president said the economy created 5 million jobs, is that true? >> i do not know. these numbers are so squishy, it is not 100% clear to me who is right about jobs. when i know is what they were saying on friday morning when they released those numbers. for the first time, more people who were out of the work force were getting jobs, and that is news. >> it is also import to keep in mind who has been hard hit by the economy. largely younger americans, african-americans, and hispanics. either those who would not vote or are supporting president obama. so i think you have got a pool of swing voters out there who are actually doing better by now in this economy than many people. >> let us talk about entitlement. >> if you are around 60 or older, you do not need to listen any further, but for younger people, we did talk about what changes are occurring. >> if you are 55, you may want to listen. this will affect you. >> this is the debate over congressman ryan's plan to turn medicare in
greeks seem to be ungrateful to boot.% >> thanks very much for that. -- and grateful to -- the economy is shrinking at a rapid rate of 6.5%, so how are company's managing to keep their head above water at all? here is one example. and he urgently needs new foreign customers. domestic sales have collapsed by 80%, but the engineer is finding it harder than anticipated to do business abroad. right now, he is trying for a foothold in india. >> even the farthest indiana backwater we try to sell to has heard of the crisis. people get the information from the internet and local media. they hear about the crisis and naturally, they have reservations. >> hydraulic presses to form metal are just one of the products this firm turns out. he is sure his company will survive, and he is determined to become a poster child for the eu and imf's insistence on exporting, but he does not think many other creek companies will manage that. >> it is simply very difficult for a company to establish itself abroad on short notice. you have to set up offices there as well as a lot of other things. a lot of compa
and fiscal policy minister. seiji maehara has been advocating aggressive monetary easing to get the economy out of deflation. after the two-day meeting through friday, the policymakers shared the view that personal spending remains steady as the jobs situation is improving. but they agreed that output and exports by manufacturers, one of the main drivers of the japanese economy, are relatively weak due to a slowdown in the chinese and other economies. they also concur that companies are cautious about the business outlook. the policymakers implemented additional monetary measures in september. they included expanding to about $1 trillion the funds available to buy government bonds and other assets. they unanimously agreed to keep the monetary measures unchanged to wait and see their effects. maehara was the first cabinet minister in nine years to attend the boj policy meeting. >> translator: i have a sense of crisis about the continued strong yen and japan's inability to get out of deflation. i wanted to convey my view to the bank of japan by attending the meeting. >> he said the bank of ja
but the question remains how and when the economy will start to get in gear again especially in countries like spain, italy, and france. it is why the introduction really did not inspire on the stock trading floors this monday. >> we will have more on the implications later in the show with reports on portugal and greece. for now, a closer look at the market numbers. the dax 1.5% down. stoxx 50 closing at 2496. the dow is down just a tad. the euro is trading to $1.2966. consolations between china and the u.s. have seen better days. the u.s. has released a report saying that americans have -- should not do business with communications companies. >> the report follows an 11- month investigation into two companies. >> legislators in washington fear foreign telecom companies could pose a threat to u.s. national securit. it says firms could use their business in the u.s. to install software to is by an ounce -- spy on u.s. infrastructure. they named two companies and they believe they should be wary of huawei and zte. the two companies deny the allegations and have the support of the chinese govern
to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. plans to ease restrictions on foreign investment have sparked an angry reaction. one party has left the ruling coalition in protest. >>> now let's check on the markets. u.s. stock markets ended lower on tuesday as lingering uncertainties about the global economy led investors to sell shares. to see how stocks are trading this wednesday morning, let's go to ra mean at the tokyo stock exchange. the earnings season kicked off in the u.s. giving investors the jitters it seems. >> jitters indeed. we did see the dow trading lower but the nasdaq was the biggest loser after a brokerage down grade for intel which weighed on that tech he
together again to try to find a way to keep the global economy from stalling. they're getting ready to meet in folk tokyo. their discussions are happening on the sidelines of the international monetary fund and world bank meetings. this is the first group of 7 meeting since april when ministers met in washington. they're trying to find ways to create steady growth despite europe's lingering debt crisis. representatives from eurozone countries are expected to look for support for the new rescue fund they launched monday. analysts say the global economy has been comparatively stable in recent months with financial markets showing more solid movements but they warn china and other emerging economies are slowing down because of europe's problems. and those problems just seem to worsen day by day for eurozone members. a major u.s. ratings agency has downgraded spain's sovereign bonds. they're now just above junk territory. standard & poor's cut spain's credit rating by two notches, from bbb-plus to bbb-minus. only one notch above speculative status. they also point out a fear that worsening unem
economy. spain's credit rating has slumped to bbb-, one notch above junk status. the outlook remains negative. stated and poor's cited the lingering recession and high unemployment -- standard and poor's cited the lingering recession and high unemployment. >> we are adhering to our timetable and meeting our deficit targets. we will not change our policies or our targets. >> spain rejects imf's suggestions that it needs more time to stabilize its economy. some analysts say the delay in asking for aid is worrying markets. member the pressure to ask for a bailout is making the country suffered. nobody wants that. not germany, nor spain. that alone could put us closer to a bailout. >> the spanish government says it will consider applying for aid once it has explored all options and conditions. >> despite the bad economic news in europe, germany's traders were in an optimistic mood. we have this report from the frankfurt stock exchange. >> germany is getting prepared for economic weakness. in other places of the world, signs of recovery are coming up. better than expected economic data fr
the european economy for seven or eight years. the year also helped to tackle the financial crisis. >> is instability in the political system weakening the currency. what we need is a political union to overcome this and stability. >> shultz believes the future is in more europe rather than less, a stronger european and union and the commission will become a government in its own right with the european president and minister. >> can i guarantee my children the same quality of life i have today? i vision is yes. that's what i want. it will not happen if we split into separate entities. >> it is the members of big nations and the umpires that count. china, u.s., brazil, india, japan. >> this union needs the euro. if the single currency collapses it could have unforeseen problems they want to avoid. the eu is unlikely to abandon the euro anytime soon. >> europe has come a very long way in the last six>> the nobely wanted to focus not on the currency conundrum but on the six decades of peace and prosperity that europe has achieved. >> a united europe banned after devastation from worl
issues as you see them in the hispanic community for this election? >> jobs and the economy is the number one issue. immigration, like we said, is the issue that moves the latino vote. >> what's the unemployment -- >> inspires them to vote. unemployment rate among latinos is 10.2%. >> it's been about 11% during the obama's presidency. but for latinos, the symbolic issue is immigration or else it's personal. it's not like an abstract issue. it's personal. either we are immigrants or we know someone who's an immigrant or we work with someone or our neighbor's an immigrant. it's not abstract. it's very personal. >> why do so many anglos seem to resent hispanic immigrants more than they do others? >> i think that there's a couple of things there. i think that there's a certain feel of because there's the community that's growing so fast, they're sort of like a threat that our way of life is going to change and i don't think that they see immigrants as part of america. and, you know, the funny thing is the majority of hispanic -- well, all hispanic voters are u.s. citizens of course. why do th
's economy. walls are stacked with rounds of pecorino, made from the unpasturized, and therefore tastier, milk of the farm's sheep. traditional organic methods are labor intensive, but connoisseurs of good living here know it's well worth the trouble and expense. the farm also produces top-grade prosciutto. the hams are not cooked but cured in salt. after hanging in a room for several weeks, each one is given a spicy coat of pepper. the slow curing process -- here they're checking the progress with a horse-bone needle -- takes over a year. the tradition of making these foods is as timeless as the tuscan countryside. [ indistinct conversations ] sylvia, happy to share the fruits of her labor, invites us for dinner. while this prosciutto and pecorino cheese is sold all over italy with the family's label, it's particularly tasty when eaten right here. it's a classic tuscan table: simplicity, a sense of harmony, and no hurry enjoyed with a great glass of chianti.
Search Results 0 to 11 of about 12

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